And So The Billionaires Turn On Each Other - Sokol's Lawyer Accuses Buffett Of Lying

And so the cannibalism at the very top begins. According to a statement just released by Barry Wm. Levine, attorney of David Sokol (who was slated to be the next head of Berkshire... until Berkshire decided to sue him that is), none other than the Octogenarian (soon possibly the Outcast) of Omaha was in fact lying, and arguably committing 10(b)-5 fraud by not disclosing the full details of his and Sokol's involvement in the situation in the Lubrizol proxy. To wit: "Mr. Buffett was told twice, not once, about Mr. Sokol’s ownership of
Lubrizol stock before Mr. Buffett engaged in any discussions with
Lubrizol." And we personally can't wait for Munger to be the next fall guy: we are confident that Charlie will suck it in, like every other good citizen who benefited from the infinite taxpayer largesse. Grab the popcorn - it's dirty laundry "on the record" time.

Full statement of Barry Wm. Levine, attorney for David Sokol

I am profoundly disappointed that the Audit Committee of Berkshire Hathaway would authorize the issuance of its report to the public without the care and decency to ask even a single question of Mr. Sokol. Mr. Sokol had been associated with the Berkshire Hathaway companies for 11 years. During this time, his indefatigable efforts helped create enormous value for the Berkshire shareholders. He deserved better. While I take issue with much of the Committee’s report, I briefly make the following points. If the Audit Committee had asked, it would have learned that:

Mr. Sokol had been studying Lubrizol for personal investment since the summer of 2010; such investments are specifically allowed by his employment agreement.

Mr. Buffett was told twice, not once, about Mr. Sokol’s ownership of Lubrizol stock before Mr. Buffett engaged in any discussions with Lubrizol.

Contrary to the Audit Committee’s statement, Mr. Sokol’s Lubrizol shares were not acquired pursuant to a “100,000 limit order.” Rather, they were purchased as a result of several limit orders, over a period of days, at specified prices, for the day only, in order to acquire the stock at low prices. At that time, Mr. Sokol had no reason to anticipate that Mr. Buffett would have any interest whatsoever in Lubrizol.

I have known Mr. Sokol and have represented his companies in business litigation since the mid 1980s. I know him to be a man of uncommon rectitude and probity. He would not, and did not, trade improperly, nor did he violate any fair reading of the Berkshire Hathaway policies.

Barack Hussein Obama conceived November 4 1960 (or there abouts) to Stanley Ann Dunham (9 months prior to the birth) who was 17 years 11 months and 6 days at the time.

At the age of 23, Obama Sr. had come to Hawaii to pursue his education, leaving behind a pregnant wife and infant son in his home town of Nyang’oma Kogelo in Kenya. Dunham and Obama Sr. were married on the Hawaiian island of Maui on February 2, 1961, despite parental opposition from both families.

Dunham and Obama Sr. were married on the Hawaiian island of Maui on February 2, 1961 and 6 months later B. H. Obama was born.

It seems Obama's father was a bigamist/rapist and Obama was conceived out of wedlock to a bigamist father.

3 months after they found out Stanley was pregnant, the two wed.

Did the birth of Obama go full term or late as with first pregnancies, making Stanley NOT of legal age to have sex with the father, and making sex with the bigamist father actually rape, or was the mother a sacrificial lamb for future preplanned occurrences?

Good point. I also thought she was under 18 when he was born. Would that have made a difference in Citizenship? It also does make you wonder if the Marriage was legal, if he was already Married. So many questions.

If I apply for a driver's license, I have to bring proof of who I am. If you run for president, isn't there some group that you have to bring your identification to and have them validate that you qualify to run? Its clear what qualifications you need, isn't there a standards board or something that verifies the candidates meet the criteria?

Like Larry Wildman driving off a cliff in my brand new Maserati. Let the rats rip each other's faces off. Even Winston Smith would love watching these rats tear each other apart. Better yet put the rat mask on Buffet and Munger. They can meet in a place where there is no darkness.

Like I said earlier today, now the greedy bastards will turn on each other like starving curs. There is no other conclusion but that Sokol grossly abused his position at Berkshire, but he couldn't resist the temptation to make a few bucks, and this will become a bigger problem in time. The Octogenarian will look like an idiot befroe this is over. Time to retire, grandpa, and by the way, Bill needs the money sooner rather than later for the Gates Foundation so please do us the favor of keeling over under the stress.

If you didn't have his avuncular act figured out by now as a mask for an unrepentant greedy as hell billionaire intent on making money at all costs (including the taxpayers, just another mark) you are late to the party.

Daily I become more convinced that the whole "Warren Buffet" story is a scam, a story entirely made by the ruling elite to direct the sheeple into stocks at the height of a credit cycle and absolute confidence in fiat money, "because it's how Warren became rich".

His close relations with Goldman Sachs and Obama are more than suspicious, when you know that to be in close contact with the mafia, you need to be part of it.

Pontificates upon the evil of instruments of mass destruction, some time later revealing he's up to his eyeballs in derivatives.Pontificates upon the evils of clarity, honesty, transparency, God, truth, justice and the American way, and some time later has egregious violations within his senior ranks.Pontificates upon the good, old fashioned,solid, hard working way to make honest money and invests in the likes of Salomon and Goldman.Pontificates upon value investing when most entities are well protected within captured regulatory environments....Just wonderin'....

But now We're today's scrambled creatures, locked in tomorrow's double feature Heaven's on the pillow, its silence competes with hell It's a twenty-four hour service, guaranteed to make you tell And the streets are full of press men Bent on getting hung and buried And the legendary curtains are drawn 'round Baby Bankrupt Who sucks you while you're sleeping It's the theater of financiers Count them, fifteen 'round a table White and dressed to kill

Oh caress yourself, my juicy For my hands have all but withered Oh dress yourself my urchin one, for I hear them on the stairs Because of all we've seen, because of all we've said We are the dead We are the dead We are the dead

+1. The reports are now trickling in as earnings season unfolds. And this isn't even the first quarter where rising inputs were flagged by major companies. But this quarter some key industries are being open about the squeeze on margins: restaurants, consumer staples and transportation. One key thing to keep in mind: oil is the equalizer in that multinationals will feel it no matter where they offshore their jobs and plants. No where to hide.

No shit? You have been my "something learned" for the day. Well, I guess that's not true. But probably the biggest visceral reaction, anyway ... like that's a big deal. What the fuck? I'm going to bed.

Lots of reports surfacing regarding margin compression, of which energy is a significant consideration. Remember, there are several lags in the chain from raw materials price increases flowing through intermediate goods, compressing margins, flowingthrough to finished goods. Plus, the inflation data we've seen are lower than "reality", as per composition (weights) of factor inputs, so the lagged effect may well be not only lagging, but larger than expected.

Similarly, it is difficult to buy (personal opinion) the line that price increases are temporary in nature. Energy is scarce if only for MENA disruptions, domestic production constraints from the supply side, and massive monetary stimulus, falling dollar (boosting import prices) as well as numerous shortages of foodstuffs such as corn diversion to ethanol and Japanese crop retardation via salt water and radiation problems.Just to mention a few.

Indeed, seems at this moment to be the perfect storm of rapid price increases being supported systematically. The compression will come, and probably damned hard.

Can you post something that proves that NASA has acknowledged the existence of a large celestial body paying us a visit? Maybe they acknowledged that small meteors regularly strike the earth. My understanding is that El Enino is coming at the same time the Mayans predict a large solar flare and others predict the flying saucers are landing. 2012 should be quite an eventful year.

"Mr. Sokol had been associated with the Berkshire Hathaway companies for 11 years."

...and this was the first instance of impropriety I'm sure. Don't forget he's been groomed by the master fleecer himself.

My bet is on nothing happening to Buffet/Munger, he's tied into the Obama regime...where if Black Panthers intimidating voters at the polls can get off, Buffet/Munger will have not a lick of trouble.

btw, I thought of something funny while composing this post; buffetmunger. It has that insulting connotation to it doesn't it? Like, if someone strolled up on you and said "Your moms a buffetmunger" you might have to cut a bitch and watch him bleed.

The octogenarian is the best insider trader in the world. His beef is that someone is now frontrunning him, not the someone is breaking the law. As Don Corleone said, "as best is if your interests don't interfere with my interests".

“It's gettin' so a businessman can't expect no return from a fixed fight. Now, if you can't trust a fix, what can you trust? For a good return, you gotta go bettin' on chance and then you're back with anarchy, right back in the jungle.” - Johnny Caspar

During this time, his indefatigable efforts helped create enormous value for the Berkshire shareholders.

Definition: indefatigable

in·de·fat·i·ga·ble

–adjective

incapableofbeingtiredout;notyieldingtofatigue;untiring.

usage/quotations:

" What makes this Generation of Vermin so very Prolifick, is the indefatigable Diligence with which they apply themselves to their Business. A Man does not undergo more watchings and fatigues in a Campaign, than in the Course of a vicious Amour. As it is said of some Men, that they make their Business their Pleasure, these Sons of Darkness may be said to make their Pleasure their Business. They might conquer their corrupt Inclinations with half the Pains they are at in gratifying them."

In a bold move today our fearless leader Barack Hussein Obama announced that henceforth he will "Lead From Behind" in conflicts abroad that our glorious military forces engage in. The future recipients of our smart bombs will no longer connect us with the high explosives and napalm that we drop on them, and instead assume, because we are now in the background and waving just a small flag, that it is really the British and the French that are responsible for their misery. This should cut down on terrorist acts against us and restore our tarnished reputation which Bush-Hitler destroyed. The only bug that still needs to be worked out in this brilliant strategy is the apparent conflict between "Lead from Behind" and traditional, strategic, "French Retreat".

Anyone going to the shareholder meeting? That should be alot of fun. Some fun questions to ask: Why the hell did you sell that silver? Are goldbugs still jerks? Why didn't you outpreform any of the stock indexes? When should we start panic selling BRK.A for silver?

I've got a solution to this whole mess. I will personally take full responsibility for the entire fiasco. I will plead guilty in court, make full confessions, sign on the dotted line, admit to compulsions, and generally exonerate all the parties.*

Bjffet js not exactly a self made man. He had his Dads money to invest- and he made momey like everyone in the 80s and 90s. Who didn't??
The rest of the success is insider trading, using his Oracle status to frontrun his own words, and Bailing the Comex out when they were pre- force majeure in silver.
Buffet can suck it.

Hey all you BRK whore-worshipping folks who got bought out and made rich by this bastard, before (some) of you lost your asses in Ponzi schemes because you're still idiots: you still proud to be associated with this scam of a company? Are you? All your homes in Hawaii and the coasts of America - I hope they burn down around your sorry fucking asses soon also. Bunch of sycophant "Warren is God" wankers!!!

You ZH folks should show more respect. Warren is of the highest ethics and morality.

(Warren, I hope you or your minions are reading this. See, I defended you. I hope you can see fit to reward me with some of that there lucre you got, or at least find a nice job for me. See I look up to you billionaires--"and that goes for each and every one of you, regardless of race, color, or creed.")